CnEVPost Newsletter: Ford vows to beat NIO, Tesla; Tesla reportedly plans new Shanghai plant

Ford vows to beat NIO, Tesla - CnEVPost — cnevpost.com "We know our competition is NIO and Tesla, and we have to beat them, not match them," Ford CEO Jim Farley said.

Tesla reportedly plans new Shanghai plant to increase annual capacity to 2 million vehicles - CnEVPost Tesla's expansion plans for its existing plant in Shanghai aim to take capacity to about 1 million vehicles this year, Reuters reported.

NIO-related fund, Li Auto to take stake in battery maker Sunwoda - CnEVPost An affiliate of Li Auto will invest RMB 400 million and an NIO- related fund will invest RMB 250 million.

NIO says its swap stations cover all districts in Guangzhou - CnEVPost NIO has 25 battery swap stations in Guangzhou, covering all 11 districts of the city.

After NIO, XPeng, Li Auto to get involved in SiC chip development - CnEVPost Li Auto will form a joint venture with SiC chip maker Sanan Semiconductor and hold a 70 percent stake in the company, a regulatory filing shows.

BYD to unveil new variants of its flagship Han sedan - CnEVPost BYD's fuel economy-focused Han DM-i, and performance-focused Han DM-p models will soon be available for pre-order.

Ora CEO says lower-priced model brings losses of over $1,580 per unit sold - CnEVPost The Black Cat and White Cat models are causing Ora huge losses, with the Black Cat losing more than 10,000 yuan ($1,580) for each unit sold.

Volkswagen Anhui completes construction of body shop for MEB plant - CnEVPost Construction of Volkswagen Anhui's MEB plant started in April 2021, with more than 70 percent of the building construction already completed.

SAIC's Feifan Auto plans to launch at least one model per year through 2025 - CnEVPost Feifan will invest RMB 20 billion ($3.16 billion) over the next five years and will focus on the mid- to high-end NEV market priced at RMB 200,000-500,000.

Shanghai releases new policy support for charging infrastructure, aiming to serve over 1.25 million EVs by 2025 - CnEVPost A government document has issued measures to address issues that many EV users are currently complaining about, including a focus on "zombie charging piles".